In the hyperinflations between World War I and World War II, nominal money growth rates were:
A) about equal to the ratio of the budget deficit to GDP.
B) about right to maximise the amount of seignorage.
C) larger than needed to maximise seignorage.
D) larger than needed to finance the budget deficit.
E) surprisingly low.
Correct Answer:
Verified
Q1: A higher deficit in the current year
Q3: In the medium run, a fiscal expansion
Q4: The debt- to- GDP ratio is higher:
A)
Q5: In virtually all hyperinflations, rapid money growth
Q6: When the budget deficit is financed entirely
Q7: A rule of thumb for Australia is
Q8: In the short run, a fiscal contraction
Q9: Which of the following is an entitlement
Q10: In the medium run, a fiscal contraction
Q11: Assume that real money balances do not
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